3/21 Wiseman Street, Macquarie ACT 2614

3-bed Macquarie apartment | 18-year hold | high land tax liability | UV far exceeds sale price | EER 6 This unit presents a rare configuration of three bedrooms and two bathrooms within the Macquarie apartment market, coupled with two garage spaces, creating a family-suitable offering atypical for strata living. Its unimproved value, significantly above the asking price, signals underlying land value strength in a tightly held precinct, best serving an owner-occupier seeking established school catchments or a long-term investor insulated from yield compression. The high land tax burden, however, directly erodes investment returns for a non-occupying buyer, while the substantial gap between the 2008 purchase price and current listing indicates muted capital growth over nearly two decades. Proceed only as a primary residence to mitigate holding costs, as the rental yield cannot compensate for the tax liability; otherwise, the protracted time on market suggests the price requires adjustment to meet current demand. Recent comparable sales data is absent, limiting precise valuation benchmarking. The provided Domain estimate of $315k-$415k contrasts sharply with the $620k+ listing, a discrepancy you must reconcile through independent appraisal before any offer.